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Asian PTA markers were assessed down US$9 a ton CFR China and CFR Southeast Asia in the first week of August. In China, offers remained at US$605-610 a ton, and counter offers were between US$590-600 a ton, on the back of flat discussion and transaction.

Purified terephthalic acid prices in Asian markets moderated as market participants expect the bearish outlook to prevail in the mid-term, given the oversupply in China. With paraxylene contract price confirmed, the conversion cost for PTA recovered somewhat.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: create awareness of eco-friendly products, decorative, envelopes, exhibit life style jute products including bags, folders, irst time has organized a jute fair, made from natural fibre, National Jute Board, non-polluting and bio degradable, ornaments, South India Jute Association, take up diversification in jute products, wallets

The South India Jute Association in association National Jute Board for the first time has organized a jute fair at the SRT Hall at Thillai Nagar in Tiruchi which began today and will continue for four days.

The objective at the back of organizing such a Jute fair in the city is to create awareness of eco-friendly products made from natural fibre, which are non-polluting and bio degradable. It would sensitize entrepreneurs, who could take up diversification in jute products.

Related Keywords: amend environment regulation, establishment of textile and garment industrial zones, export value exceeded, free trade agreements, related authorities, review and adjust development planning for the industry, stable growth, suggested Government, under current planning, Việtnam Textile and Garment Association, Vietnamese textile industry, Vitas

The Vietnamese textile industry’s export value under the current planning was targeted to reach US$20 billion by 2020, but the figure exceeded $27 billion in 2015 and is expected to hit $31 billion this year. From 2010 to 2015, the industry had stable growth of export value of 15 per cent per year.
In the first half of this year, its garment and textile exports have reached $12.6 billion, representing a 4.72 percent year-on-year increase and accounting for 41 percent of the sector’s target for 2016.

Related Keywords: access to quality raw materials for export, boost Pakistan textile exports, customs clearing services organization, First Common Bonded Warehouse of Pakistan, in collaboration with American and Efrid Lanka, largest apparel thread manufacturer, opportunity to all sorts of textile industries, produce quality, set up by Elite Services System

Pakistan’s first Common Bonded Warehouse (CBW) to be set up by Elite Services System (ESS), a customs clearing services organization in collaboration with American and Efrid Lanks (A&E Lanka) the world’s second largest apparel thread manufacturer.

Related Keywords: agricultural cooperation agreement, building textile, Chinese companies, implement electricity projects, in Sudan. speaker of Gazira state Legislative Council disclosed, power plants and dams, ready-made clothing factories, signed a MoU allowing Chinese companies to grow one million feddans of cotton, Sudanese government

The Sudanese government and Chinese companies have signed a Memorandum of Understanding (MoU) allowing the latter to grow one million feddans of cotton in Sudan. The feddan is a unit of area equivalent to 1.038 acres (0.42 ha). This was disclosed by the speaker of Gazira state Legislative Council.

On Wednesday, speaker of the Gazira state Legislative Council Jalal Min Allah Gibril said that the Chinese companies would cultivate 450,000 feddans in his state besides building textile and ready-made clothing factories.

Related Keywords: continues to reel under burden, decline in exports of several types of textiles, despite of top global fashion brands, Foreign direct investment, Indian textile sector, mill closures, online fashion space, sagging exports, single brand retail outlets, vie for share of Indian market

India’s textile sector continues to reel under the burden of mill closures and sagging exports, despite of top global fashion brands such as Zara, Mango, Vero Moda, H&M, Forever 21 and Marks & Spencer vie for a share of the Indian market.

Ever since the government allowed Foreign Direct Investment (FDI) in single brand retail outlets - first at 51% in 2006 and later 100% in 2012- top global fashion brands have rushed into the country.

Related Keywords: ethylene supply agreement, help feed MEGlobal plant, irst manufacturing unit in the United states, MEG plant at Oyster Creek site, MEGlobal, new ethylene cracker, officially broken ground, polyester fibers, rising demand for ethylene glycol throughout the world, utilize Meteor process, wholly-owned subsidiary of EQUATE Petrochemical Company

MEGlobal, a wholly-owned subsidiary of EQUATE Petrochemical Company and fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG) has officially broken ground on its new 750,000 t/y MEG plant at Dow’s Oyster Creek site in Freeport, Texas, USA. The new Oyster Creek MEG facility will be owned by MEGlobal and is the Company’s first manufacturing unit in the United States.

Related Keywords: climate suitable for animal fiber, cotton production, Ethiopia working tirelessly to boost various industries, Hawassa Industrial Park, industrialization, investing in textile industry, productivity, second Growth and Transformation Plan, significant ingredients for textile industry, strengthen production, training from world textile partner

Ethiopia working tirelessly to boost various industries in the second Growth and Transformation Plan that will support the journey to industrialization. Also as the country's climate is suitable and very supportive for animal fiber and cotton production which are significant ingredients for the textile industry. The country realizing the benefits has begun investing in the textile industry. On the other hand, the plenty of young human resource will assist every engagement in the sector.

Related Keywords: Asia a major source, Datuk Ahmad Maslan, demand for textile and apparels, Deputy International Trade and Industry Minister, global demand for high quality textile and clothing, increase further to USD one hundred sixty billion, major importing countries, Malaysian textile and apparel exports, rising purchasing power, see rise by ten percent

Malaysian textile and apparel exports see rise by 10 percent in the first half of 2016 from RM6.33 billion to RM6.99 billion a year ago. The demand for textile and apparels is expected to increase further to US$160 billion (RRM641.2 billion) at the end of 2018, said Deputy International Trade and Industry Minister Datuk Ahmad Maslan.

The surge is driven by increasing global demand for high quality textile and clothing from Malaysia, as well as rising purchasing power in major importing countries, namely the US, European Union countries, and Canada.

Related Keywords: after it unloads a huge state surplus, China well on its way to become big cotton importer, China worlds largest cotton consumer, decline in cotton acreage contraction in China, fashion trend, favoring products made of manmade fiber, Joe Nicosia, Louis Dreyfus Commodities in Memphis, senior head of cotton and merchandizing, USDA

China is well on its way to becoming a big cotton importer after it unloads a huge state surplus of an estimated 52 million bales, believes Joe Nicosia, the senior head of cotton and merchandizing for Louis Dreyfus Commodities in Memphis as there is a dramatic decline in the cotton acreage contraction in China which has been one of the most remarkable developments seen in recent years.